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NPAs to dip on high industrial capacity utilisation: SBI chief

NPAs to dip on high industrial capacity utilisation: SBI chief

SBI chairperson Arundhati Bhattacharya Monday said the stressed assets level in the banking sector will come down once the key industrial sectors start functioning at their optimum capacity.

Banks moving past worst asset quality cycle, outlook stable: Moody's

Banks moving past worst asset quality cycle, outlook stable: Moody's

India's banking system outlook is likely to be stable over the next 12-18 months as the pace of formation of bad loans is expected to decrease compared to last five years, global rating agency Moody's said Monday.

Steel industry owes Rs 3,00,000 crore to banks

Steel industry owes Rs 3,00,000 crore to banks

The steel industry has outstanding loans of around Rs three lakh crore in various banks, thus making the sector one of the largest contributors to non-performing assets (NPA) in the country.

Good monsoon may push FY17 GDP growth beyond 8%: Crisil

Good monsoon may push FY17 GDP growth beyond 8%: Crisil

A good monsoon with even rainfall distribution across regions will give a boost to farm sector and may push India's GDP growth beyond the 8 per cent mark in the current fiscal, Crisil said on Wednesday.

NPA clean-up should have started much earlier: Raghuram Rajan

NPA clean-up should have started much earlier: Raghuram Rajan

Outgoing RBI Governor Raghuram Rajan, who has ruffled industry for his strident bid to get the bank balance-sheets cleaned up, on Tuesday admitted that the central bank should have carried out this exercise earlier.

 Axis Bank Q1 profit dips 21% at Rs 1,556 crore

Axis Bank Q1 profit dips 21% at Rs 1,556 crore

Private player Axis Bank on Friday reported 21 percent decline in net profit at Rs 1,555.5 crore for the first quarter of the current fiscal on account of rise in bad loans.

Kotak Mahindra Bank posts 4-fold jump in net profit in Q1

Kotak Mahindra Bank posts 4-fold jump in net profit in Q1

Kotak Mahindra Bank on Thursday reported almost four-fold jump in stand-alone net profit to Rs 741.97 crore in the first quarter ended on June 30, 2016.

HDFC Bank net profit surges 20%, bad loans edge up too

HDFC Bank net profit surges 20%, bad loans edge up too

Second largest private sector lender HDFC Bank on Thursday reported a 20.2 per cent growth in net profit to Rs 3,239 crore for the three months to June on the back of a healthy rise in core net-interest income, even as the asset quality marginally worsened.

Banks can't get 'blanket relief' from CBI, CVC actions: Raghuram Rajan

Banks can't get 'blanket relief' from CBI, CVC actions: Raghuram Rajan

Amid a clamour among bankers for immunity from action by agencies like CBI and CVC, Reserve Bank Governor Raghuram Rajan has disapproved of any "blanket sort of relief" but wants the decisions on loans given after appropriate due diligence to be protected.

 PSBs' loan growth to remain muted at 9% till FY19: Report

PSBs' loan growth to remain muted at 9% till FY19: Report

Loan growth of state-run banks is likely to be remain at a low 9 percent over the next three years due to their limited availability of growth capital, warns a report. 

NPA sales down to a trickle of just 2% of total bad loans

Notwithstanding rising bad loan problems in the system, sale of stressed assets to asset reconstruction companies (ARCs) in 2015-16 was only a trickle of the NPA mount at 2 per cent of the total of nearly Rs 5.8 trillion, which is down a whopping 20 percent from previous year, says a report.

Govt to make first round of capital infusion in PSBs soon

The Finance Ministry has finalised plan for the first round of capital infusion for public sector banks and funds would be granted to some of the lenders within next few weeks.

Debt servicing ability of most large firms still weak: Report

Bloated credit profiles of corporates make their balance sheets vulnerable due to challenges from infrastructure, commodity meltdown and low consumption demand, leaving their interest coverage ability very weak, says a report.

This is how interest is calculated on credit card balance

This is how interest is calculated on credit card balance

Knowledge about how interest is calculated is an important approach towards using credit card more effectively.

Loan dues can be recovered from debtor's savings account: Madras High Court

Loan dues can be recovered from debtor's savings account: Madras High Court

If a debtor failed to settle the loan dues despite reminders from the bank, then the money could be recovered from his savings bank account, ruled the Madras High Court bench here on Saturday.

To tackle bad loans, RBI proposes formation of dual funds by banks

To tackle bad loans, RBI proposes formation of dual funds by banks

In order to tackle the burning problem of sticky loans and debt-heavy companies, Reserve Bank of India (RBI) has proposed formation of dual funds by banks which may help in solving the tricky situation.

Two years of Modi government: Key tasks yet to be fulfilled!

Two years of Modi government: Key tasks yet to be fulfilled!

As Narendra Modi led National Democratic Alliance (NDA) government completes two years in office, we are evaluating the promises fulfilled and those still incomplete here. 

Shocking: One-third of a bank stock you buy is going away as bad loan!

Shocking: One-third of a bank stock you buy is going away as bad loan!

It's not hidden from anyone that the Indian banking sector is in a great mess. The earnings numbers from the 25 banks for FY16 have clearly shown that the scenario is not very encouraging.

NPAs may rise to 6.9% under severe stress scenario: Finance Ministry

NPAs may rise to 6.9% under severe stress scenario: Finance Ministry

Attributing mounting bad loans to economic sluggishness, Finance Ministry's annual report has said gross non-performing assets (GNPAs) of banks could soar to 6.9 per cent by March 2017 in a "severe stress scenario".

Top 50 defaulters of PSBs had exposure of Rs 1.21 lakh cr

The number of wilful defaulters of PSBs rose from 5,554 to 7,686 in three years to December 2015 while the amount involved more than doubled to Rs 66,190 crore from Rs 27,749 crore.